When Rocco Sebastiani looks at the shuttered Atlantic Club building on Pacific Avenue, the building owner says he sees a new horizon for Atlantic City. Sebastiani, who is president at Colosseo Group (the company that purchased the property in 2019), told PlayNJ renovation plans are in place for the South Tower and the North Tower as well as hotel areas. His permits are still being reviewed by the city, he said.

Sebastiani told PlayNJ he has decided to convert the South Tower into luxury condominiums and re-establish the look of the tower exterior with glass. He said it was too early to project the price of the condos.

As far as plans for the North Tower go, Sebastiani said it will be a “a 330-room boutique hotel.”